Pakistan, Sri Lanka and Maldives are among the biggest debtors to China. According to Forbes, China has a foreign debt of $ 77.3 billion on Pakistan. At the same time, Maldives’ debt is 31% of its gross national income.
Pakistan, Sri Lanka and Maldives are among the biggest debtors to China.According to Forbes, China has a foreign debt of $ 77.3 billion on Pakistan.At the same time, Maldives’ debt is 31 percent of its Gross National Income (GNI). .
Forbes analyzed the data obtained from the World Bank report till 2020 and said that 97 countries around the world are trapped in China’s debt trap.China’s heavily indebted countries are mostly located in Africa, but some countries in Central Asia, Southeast Asia and the Pacific are also trapped in China’s debt trap.China is reaching most of the countries under the One Belt and Road plan.The low-income countries of the world have taken 37 percent of the debt from China in 2022.China has been an important source of global project credit to finance port, rail and infrastructure construction around the world.